Massive Token Unlocks Set for August
In August, nearly $1.5 billion worth of tokens from prominent crypto projects will be unlocked.
A major portion is the 1 billion XRP tokens, valued at $609 million, set for release on August 1.
Ripple, which manages the XRP Ledger and its XRP tokens, has consistently unlocked up to 1 billion XRP each month since 2017. Ripple typically re-locks a significant portion of these tokens; for instance, it re-locked 800 million XRP from the June release but sold about 300 million XRP, valued at $182 million, according to TradingView.
Beyond XRP, August will see substantial token unlocks from other major projects:
- Wormhole will release 33.3% of its supply, totaling 600 million tokens worth $180.5 million, on August 3.
- Avalanche will unlock 2.4% of its AVAX supply, equating to 9.4 million tokens valued at $268 million, on August 20.
Other significant releases on August 1 include:
- Sui: 64 million SUI tokens (2.56% of supply) worth $50 million.
- dYdX: 8.33 million DYDX tokens (~$11 million) for investors, founders, and staff.
- ZetaChain: Nearly 18.9% of its supply, or 53.9 million tokens, valued around $34.5 million.
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Additional notable unlocks:
- ImmutableX: 32.5 million IMX tokens (2.11% of supply) on August 9, valued at $49 million.
- Aptos: $80 million worth of APT tokens on August 12.
- The Sandbox: $69 million worth of SAND tokens on August 14.
- Starknet: 64 million STARK tokens (4.4% of supply) on August 15, worth $35 million.
- Arbitrum: 92.6 million ARB tokens (2.8% of supply) on August 16, valued at $67 million.
These unlocks are set to impact the market significantly, with large volumes of tokens entering circulation.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
